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america. and i want you to know, we will not let michigan become a right -to-work-for-less state. we will defeat financial martial law for fighting together, standing together and winning together. i'm proud to stand with my brothers and sisters from detroit any time, any place. god bless you and happy labor day. and now i'm very pleased and honored to introduce a woman who stands with working people every single day, a real warrior for working men and women whose -- who's lifted up the department of labor so that it works for working families again and again and again and again. please welcome our warrior, our friend, the secretary of labor, hilda solis. >> thank you, thank you, thank you. all right. >> all right. how's everybody? is labor in the house? labor in the house? happy labor day, detroit. [cheers and applause] >> it's great to be back in the motor city and especially with my good friend, president rich trumpka and all of our union leaders and my former congressional colleagues that are also here. give them all a round of applause, please. [applause] >> and of course it's s
of denver, and the university of michigan. he has a long list of books. the next call is from mary ann, a democrat from virginia. caller: i keep hearing over and over again from the republicans that the rich pay 35% in taxes. i would like to know from the man from heritage the name of just one company that actually pays 35% in taxes after deductions and loopholes. if you cannot give me the name of one company, everything you say is disingenuous. guest: she has a good point. the statutory rate is 35%. it is about 4% more than local rates. with the company, you have lobbyists and different directions. the effective rate is closer to 18%. if you are a new company, you have not had the time to lobby the codes for ethanol tax credits or whatever it is. you are paying the full rate as a new company starting up. that is a disincentive for job growth. speaker boehner and president obama have said they would like to lower the tax rate. it is now the highest in the industrialized world. they would like to eliminate a lot of the deductions and credits so there is more incentive for these companie
away their money. host: let's go to griffin, independent in michigan. caller: i keep hearing about the secretary of warren buffett. i do taxes. i figure if the secretary has a standard deduction, she would have to have an income of 90,000 a year. that would equal his 17.4%. using the word secretary, which is 50,000 on average at best in michigan and using that as an example is very disingenuous. i would like to hear it stop. host: we have a comment on twitter. echoing a the sentiments of a caller a moment ago. caller: i think it is unfair as far as the taxes that the rich pay, which is really nothing. i do not know if anyone has ever watched, because my grandkids watched the sweet 16 parties. it is nothing for them to spend $100,000 for their kids parties and then on top of that really expensive cars. the rich do not fight wars. their children do not go to fight wars. they should pay extra, because we are making them safe and allowing them to have their free will and the expense of the lives. and they can appear -- paid $20,000 for a pair of shoes. it is unfair. that could be a sal
of the country for me. i actually can recall the big four carriers on lake michigan. nice to see them from time to time. they pulled iron from the north throughout the entire region. one that manufactured oils such as building cars, tractors, trucks and machinery, so did the ship errs, miners and support industries. as a result of the great lakes area, it it flourishes really was a good lesson in how we've come to learn to need each other. that is industry from the states and throughout interdependent. clearly, job retention and job creation are foremost in everyone's minds today. of our president, to the state capital, jobs are the most pressing need. i give you my view on this issue, speaking as the ceo for the company and i do serve on a number of our corporate boards. one of the ways we enhance the value of said 10 to our shareholders is too careful allocation of capital. so we must provide capital businesses that can escrow. the growth is either limited or declining. we have to make discipline investments. and generally, only the very best projects go forward. they're also investor return
suggest that chairman michigan ica and might bes of congress -- mica and members -- that is moving forward. customers are coming and saying help us navigate how we can move thele on this. if we're not building roads and putting more people out there, it is more stuff through the pipeline. we know what the answer is. we're slowing down. >> thank you. >> two more questions. one of them, i think, jim, this is probably best for you. former speaker newt gingrich and john boehner said we should pay for increased with revenue from new oil and gas drilling rights. do you agree? and you can decline to answer. >> i agree with speaker boehner. good answer. >> well done, sir. >> and this is another question. those of us watching ourselves get older, baby boomers are retiring. is there an interest inarding what will be increased demand for transit services? this is directed to anybody. ron? >> that is a real growing need in our region. it is the fastest growing component of metro's budget. i think we need a blend of supplies and some real improvements in how we deliver those services. there is an impor
of disaster. but the only way you can help them is to cut jobs in michigan or louisiana or other states at a time when our country's hurting for jobs? that's not america and that's not what they asked us to do. the jobs program they want to end before they're willing to provide more daster aid is not some radical program. it was started under the bush administration. it was passed with a bipartisan majoty. and i understand their anguish, we have to cut funding. but you don't do it like this. you don't do it on the backs of the people of schoharie county whose homes have been blown away, of the people of binghamton, who are in shelters because there's no rental housing for them. you don't do it on their backs. that's not fair. you want to have a fight over a program yoused toupport and now you say the circumstances have changed, fine, we should have that. that's what we're here for. but not holding disaster aid hostage. and i want to say this, lest people think that the democratic stand is some way out-the left-wing stand, guess who supports us? the u.s. chamber of commerce and the natio
- president and public relations chair of the lebanese american heritage club in dearborn, michigan. to her left, we have an attorney and advocate. what i thought we would do is have each of them speak for a few minutes and share their thoughts about where we have come in this arena of coalition building since the 9/11 tragedy, some of the challenges we face as a community, some of the successes we have been able to achieve at the grassroots and national levels and look at where we are now, 10 years later, and assess where we are as a community, as a country, some of the challenges we continue to face, some of the new challenges that might be a rising as we look forward. where are some of the opportunities out there that might be ways that we can continue to make success and do a better job of telling our story. what i thought i would do before i turn it over to margaret is set the stage, looking back from a personal experience on my part. i came here idealistic out of law school almost 16 years ago to serve my home town congressman from northern california. like a lot of you in the audienc
and commerce, a distinguished gentleman from michigan, mr. upton, is recognized for five minutes. >> in 1963, there was a great train robbery in england. at the time, it might have been the largest highest ever. because of its cleverness, the legend continues. the tape was 2.6 million pounds, about $7.5 million in $1,963. -- in 1963 dollars. now we have our modern-day great train robbery, but we have of iced over half a billion dollars, and possibly willing collaborators and co- conspirators of the u.s. government who rushed out a $535 million loan to solyndra. it is a very sad commentary that we met resistance every step of the way as this subcommittee has tried to seek answers to basic questions overseeing the approval process of this project. we finally had to resort to a subpoena, and at the outright resistance to getting answers that both of you two witnesses assured us only last week he would provide. let me warn you and other folks involved in this taxpayer ripoff -- we are not done. no, we're not. solyndra was the very first company to receive a loan guarantee fund it with a stimulus
frequently is the michigan survey. the michigan survey has gone down in terms of showing consumer confidence, and keeps going down. it correlates a little bit with some of the actions in congress. i think there was a sense maybe that one of the dips in consumer confidence had to do with the impact of the debate over the debt ceiling and some of the wrangling in congress. however, you would maybe think that effect would be diminished now in people's minds, but we have not seen a big resurgence of confidence. confidence is important. from a monetary policy perspective, policy worked through the development and setting of expectations. if you have a sense that things are going to be bad and stay bad, and never return to the way of life you have come to expect, you will engage in different kinds of behavior. you may not spend, if you have a sense you're going to lose your job, or your income is not going to go up. it may very well affect how you make your spending decisions. you can see in that scenario that confidence could be at such a low that it could overwhelm people sense of consumption --
.p.a.'s war on coal affects power plants that provide roughly half of the nation's electricity. in michigan, d.t.e. energy says the new rules will take 20% of its capacity offline within three years. without an assured supply of energy, companies will not invest in new facilities. that's the clip from "the detroit news." "wall street journal". many of the suggestions are familiar. the c.e.o.'s want lower corporate taxes in the u.s., which has, among the highest corporate rate in the world and moratorium or rollback of business regulations. the government needs to be a better partner with the business world, says the health services c.e.o. the sentiment is expressed by many, c.e. omple of ernst-young. the regular tower -- excuse me, the regulatory policy from 2013 by halting nigs or i am i am pleatation could harm jobs or economic growth. those are two quotes out of the newspaper. and there are more here. but the point being, that the people who create jobs, the job creators, small, mid sife sized businesses in this world and big businesses, but the real generator is the small businessman in am
of michigan. has written several books, a long list of books. guest: keeps me busy. host: democrat, good morning. caller: i have one question that i keep hearing over and over again from republicans, the tax as corporations pay, if we could just get it down. i would like to know from the man from heritage, the name of a company, just one, that actually pays 35% in taxes after deductions in loop holes. i want an aim of one company. if you cannot give me the name of one company, everything you say is disingenuous. host: put you on the spot here. guest: i think she actually has a good point. the statutory rate is 35% federal rate, plus 4% more in local rates. if you are -- there are different carve-outs and deductions that get stuck in it the tax code. the actual effective rate is closer to 18%. but if you are a new company starting up, you have not got all the experience and all the tax code deductions, you are paying the full rate, more or less. it acts as a disincentive to job growth. speaker boehner and president obama said that one of the things they would like to do is motivate the ta
bipartisan support on an ongoing basis. i thought it was a durable initiative. -- a doable and michigan. -- i thought it was a doable an initiative. i have written to my ranking members asking them to ask their chairman for hearings on the president's proposal. also, i have written to speaker boehner asking him to initiate those hearings on the legislation. you should have it. it would be a sign of our unified commitment to acting quickly and in a bipartisan way. urge your chairman to pass the legislation. the hearings will be the first step in that. the point i want to make is that this proposal comes at a time when it should enhance the possibilities for the table of 12. i do not know how they have been characterized. some have said it will increase their challenge. if it increases their challenge to create jobs, all the better. this should be the centerpiece. how do we create jobs, grow the economy, and use the tax code, and timing of cuts and investment to create jobs? i had called upon the table of 12 to act in a way that favors the entrepreneurial spirit of america and the role that sma
in pennsylvania, consultant for the world bank. university of denver and university of michigan. caller: i want the name of one company that pays after deductions and loopholes. i want a name of one company. >> i think she's got a good point. the statutory rate is 35% federal rate plus 4% more state and local rate but if you're an existing company, you've got lobbyists and carve outs and deductions stuck in the tax code so the effective rate is closer to 18%. if you're a new company starting up, you haven't had the time to lobby the code so that your ethanol tax credits or whatever it is you've had stuck in so you're paying the full freight, more or less, as new companies starting out so taxes are disincentive for job growth and this is ground for bipartisan cooperation. speaker boehner and president obama have said they want to lower the tax rate which is now the highest in the industrialized world but then eliminate a lot of the deductions and credits so there's less of a barrier to starting up companies. >> dean baker, the hill writes more about what republicans are looking for. house republ
Search Results 0 to 14 of about 15 (some duplicates have been removed)